quantguy

quantguy

Bitcoin has melted down, as the FTX platform faces insolvency issues . Binance came to the rescue, offering to rescue non-US divisions of the company. This follows a bank run in FTX's token, FTT, after Binance sold over $1B of the token, causing a 'bank run' which impacted the entire crypto market. The whole ordeal spurred worries of liquidity and solvency...

quantguy

Oil has fallen from the $90's after the rejection from $94 has taken the $90 handle entirely. We fell back to the high $80's, with $87.21 providing support, exactly as we predicted in these reports. Our floor for oil for now, is $85.55. The Kovach OBV is still surprisingly strong, though it has arched over a bit with the selloff. If we can pivot off current...

quantguy

Stocks have edged higher, but appear to be leveling off. Election uncertainty will be lifted as results of the 2022 midterms keeps pouring in. The markets are not as concerned in election results as most think, but we may see a small rally now that they're over. The Kovach OBV has flatlined, which could suggest that stocks will hold their course. We have seen...

quantguy

Gold has rallied massively, breaking through to the $1700's. Yesterday, we tested our level at $1683. As predicted, it provided resistance. A pullback tested $1670, where we immediately saw a strong pivot. Then momentum continued through $1683, and several levels after that, solidifying the $1700's. We reached as high as $1720 before a red triangle on the KRI...

quantguy

Litecoin made a run for the $70's, with $73.62 providing resistance. This turned out to be a ceiling for now, and Litecoin dropped with the rest of the crypto market back to the $60's. We did not retrace the entire move back to the $50's, which is reassuring. We are currently seeing support in the mid $60's around our level at $64.37. A wick extended down to...

quantguy

Ethereum dropped with the crypto selloff. We warned that a double top at $1653 may be an ominous omen, and sure enough, $1547 could not hold support. When support broke, we retraced through the vacuum zone to $1424. A green triangle on the KRI confirms support at this level. The Kovach OBV has been steadily trending down. If support fails at $1424, then we...

quantguy

As predicted, Bitcoin retraced significantly, giving up the $20K handle entirely. It was looking like crypto was going to make a run for higher levels in the $20K's and bulls were already celebrating the next pump. However, reality set in and Bitcoin crashed through support at $20.7K. We are currently seeing support from $19.5K and are hovering below $20K at...

quantguy

Oil topped out around $94 after breaking through our target at $92.03. We made a concerted effort for our next target at $95.24, but fell short just below $94. This was a high from the last attempt in early October, and may constitute a double top. We are not seeing a serious retracement, and are still holding the $90's. In order to press higher, we must break...

quantguy

Stocks are incrementally ticking up, with the S&P 500 gradually testing higher levels. We are currently testing 3825 or so. Multiple red triangles on the KRI suggest that we are heading into resistance. The Kovach OBV is gradually trending up still, but we will need to see more momentum come through if we want to test relative highs at 3925 or so. If we...

quantguy

Litecoin has rocketed from the $60's, establishing footing in the $70's now. It is difficult to accept that just a few day's ago, LTC was struggling with holding the $50's. We have broken past several levels and traversed wide vacuum zones. We currently appear to be topping out at $73.62, and will likely equilibrate around this level. We can expect support at...

quantguy

Ethereum made another run for $1653, but met stiff resistance and retraced back to support at $1547. We appear to have a double top at $1653, which could suggest that we've maxed out for now. However, $1547 is providing strong support confirmed by green triangles on the KRI. If we are able to pivot, we could easily make another run for $1653. If support caves,...

quantguy

Bitcoin showed signs of strength, breaking through our target at $20.7K and making a concerted effort for the next target of $22.4K. However, we met stiff resistance around $21.4K and immediately retraced. We are seeing support at $20.7K, which once provided resistance, confirmed by green triangles on the KRI. The Kovach OBV has slumped, suggesting the bull run...

quantguy

As we have been predicting for a while, oil has broken out into the $90's. There are only so many reserves that Biden can deplete in a frenetic attempt to improve his tarnished image before midterms. We have smashed through $90.06, which provided strong resistance and was a barrier for some time. We are currently testing $92.03 which was the exact target we...

quantguy

Stocks are edging higher, currently testing 3782, a level we have mentioned several times before. This follows a precipitous selloff, as the reality quashed hopes (as it so often does) of a dovish pivot in Fed policy. We collapsed from the 3900's almost 200 points, and found support at 3694 or so. We are currently seeing a tepid rally that is running into a lot...

quantguy

Gold spiked higher with a weak rally testing and breaking $1640. The Kovach OBV has picked up slightly, but we have no indication of any serious momentum that can take us up to our target of $1683 just yet. We still must break through $1658 and $1670 first. A red triangle on the KRI is confirming resistance at current levels. We anticipate $1629 to hold as a...

quantguy

Litecoin is holding the $60 handle after renewed adoption has been priced in. We were holding the low $50's for some time, but after the Moneygram news, we have solidified the $60 handle. We made attempts at breaking through $64.37, but a red triangle on the KRI suggests strong resistance here. The level $61.75 seems to be holding strong but watch the vacuum...

quantguy

Ethereum has edged down, but volatility is consilidating near our level at $1547. It does appear that we are forming a bull consolidation pattern around this level. If we are able to break out, then $1653 is the next target. We must break through this level difinitively before considering higher levels. There is a cluster of levels in the $1700's that will...

quantguy

Bitcoin continues to edge down from our level at $20.7K. We made a concerted effort to break through to the $20K's, but a persistently hawkish Fed has dampered attempts to reach $22.4K, our next target. The price action is looking weak and the Kovach OBV remains relatively flat. Expect support at $20K, then $19.5K if things turn south.